IBOA challenges AIB chief
Issued on July 26, 2011 at 11:24 AM
The Board and senior management of AIB Group have been challenged by IBOA General Secretary, Larry Broderick, to engage meaningfully with the Union on the Bank's restructuring programme.
In a letter to the Bank's Executive Chairman, David Hodgkinson, before today's AIB AGM, the finance union leader has accused the Bank of failing to treat its employees with decency and respect by refusing to provide details of over 2,000 job cuts which were announced in April - and which may be implemented in October according to a recent announcement by the Bank.
Talks at the Labour Relations Commission between the Union and the Bank broke down last week because the LRC could find no basis for conciliation.
Mr. Broderick contrasts the lack of consideration being shown to ordinary bank staff with the generous rewards on offer to many of the former senior executives who were responsible for the collapse of AIB as well as the substantial payments being made to a number of external consultants who have been contracted in to help clean up the mess.
The IBOA leader has warned the AIB boss that the Bank's approach to restructuring is demoralising staff throughout AIB - which could have major consequences for the Bank and its stakeholders because these staff will play a crucial role if the Bank is to be returned to financial health in the future.
Mr. Broderick has called on the AIB Annual General Meeting today to mandate the Bank's senior management team to engage fully with the Union in real dialogue with IBOA on the recovery of the Bank including the restructuring programme.
